Prior notification of a concentration (Case M.10601 – WARBURG PINCUS / OXFORD PROPERTIES / HALE) Candidate case for simplified procedure (Text with EEA relevance) 2022/C 69/13
Date: 2022-02-10
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, financial services, health care, industrial building, investment company, merger control, pension scheme, real estate business, technology








C_2022069EN.01001301.xml










10.2.2022   


EN


Official Journal of the European Union


C 69/13






Prior notification of a concentration
(Case M.10601 – WARBURG PINCUS / OXFORD PROPERTIES / HALE)
Candidate case for simplified procedure
(Text with EEA relevance)
(2022/C 69/13)

1.   
On 26 January 2022, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


Warburg Pincus LLC (‘“Warburg Pincus”’, USA),










—


Oxford Properties Asia Holdings I Pte. Ltd. (‘“Oxford Properties”’, Canada),










—


Hale Capital Group Pty Ltd (‘“Hale”’, Australia).




Warburg Pincus and Oxford Properties acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of Hale.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are:






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for Warburg Pincus: a global private equity firm active in a variety of sectors, including consumer, energy, financial services, healthcare, industrial and business services, real estate and technology.










—


for Oxford Properties: the ownership, development and managing of real estate assets. Oxford Properties belongs to the real estate arm of OMERS Administration Corporation (‘OMERS’), the administrator of the Ontario Municipal Employees Retirement System Primary Pension Plan and trustee of the pension funds.










—


for Hale: the development and managing of a portfolio of industrial real estate investments in the Asia-Pacific region.






3.   
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.
Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.


4.   
The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.10601 – WARBURG PINCUS / OXFORD PROPERTIES / HALE
Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu
Fax +32 22964301
Postal address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË







(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  OJ C 366, 14.12.2013, p. 5.